World Economy

Malaysia IPI Strong

Malaysia IPI StrongMalaysia IPI Strong

Malaysia’s manufacturing sector, especially the electrical and electronic sector, underpinned the May industrial production index’s strong growth of 4.6% from a year ago, CNA reported. According to the Statistics Department on Wednesday, the IPI exceeded a survey of a 4.1% growth. The manufacturing index  expanded 7.3%–after expanding 6.7% in April–while the electricity index rose 2.5%. However, the mining index declined by 2.3%. The major sub-sectors which expanded in May were: electrical and electronics products (11.6%); food, beverages and tobacco (12.9%); and petroleum, chemical, rubber and plastic products (3.1%). The electricity sector output increased by 2.5% in May after a decrease of 1.5% recorded in April.



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